Indicator-based Monitoring of the Eurasian Integration Process: Preliminary Remarks

The on-going crisis has triggered qualitative changes in the global political and economic architecture. Separate elements of global economic and financial reforms are already visible. In particular, the process of G20 institutionalisation, which reflects the growing weight of developing economies, has finally begun. Following a slowdown of operations over the last decade, the role of IMF has increased rapidly, as the institution finds itself at the forefront of helping many national economies survive. The idea of the world reserve currency is actively discussed and IMF’s SDRs are the most commonly mentioned option. Furthermore, for better or worse, a global financial regulator is likely to be established.